There's some interesting price action happening in Edelweiss Fin After a strong base formation it gave a Breakout with good volumes expansion. It retested thrice on the same support of 51 giving the stock a strong bounce every time. After it broke out it halted and started going for a pullback and that too with dull and weak sellers' interest and this low volume...
Last week we sight the evening star, follow up with a downward rally, and now the price is below 17300 which is the Poc level, next support is at 16850. Looking at the global cues, the majority of indexes have closed red, it is suspicious to hold the 16850 level. If this happens we could see a rally towards 16200
Sgx has given close near 17500, which is ~ 170 points above Friday nifty closing. On Nifty, 17300 reason was Point of control region, where majority of price action happened during this correction phase. Now it has crossed that resistance, next resistance is at 17600-17650 level, where downward channel target will be achieved. If it holds above it, it will unfold...
Kusama is inside triangle pattern & also it is in falling wedge pattern in 4H time frame. at 214 ~ 190 the volume POC + 1.618 can be seen. Moreover, it also has trend support. so taking present market scenerio into consideration. it is more likely it will touch low price.
1. Triangle Pattern breakout 2. Long term Trend line Support 3. Head & Shoulder Pattern forming 4. Trading inside Rising wedge 4. Trading Above Volume Profile POC 5. Buy when retest POC 82Rs
1. Double bottom Breakout with huge volume 2. Volume profile POC breakout at 1450 3. Buy above 1450 on 4hr candle closing 4. Stoplose 1400
Some TA Follow and like for more this is a falling wedge + three drives i am looking to long 36k i am already in a short from 52k hope you have good evening
Nifty 50 POC area in 1 hour chart 16264 Nifty 50 POC area in 1 Day Chart 16276
SL - Exit of close below 50
SL - Exit if day's close above 179